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.footer .iOSLink a { color: #666666 !important; text-decoration: none !important; } @media only screen and (max-device-width: 480px) { body { padding: 10px !important; } .one-column p, .one-column li { font-size: 19px !important; line-height: 29px !important; } }A daily digest of opinions and analysisThe Algorithms Are Coming for Art Next. You’ll Love It.If beauty is in the eye of the beholder, then what is art but a biochemical process? And if that’s so, could future humans hack their own aesthetic responses? “Sapiens” author Yuval Noah Harari predicts that with enough computing power, artificial intelligence will be able to generate individualized art experiences, customized brain by brain, with effects far more powerful than anything the Great Masters could imagine.Is There a More Useless Political Epithet Than “Elite”?It seems unlikely, but boy, is it popular — senators and tech billionaires and venture capitalists can all agree, the problem with America is the elites. And they also agree on this: Elites are always someone else. As populists on right and left call for open warfare against the aristocracy (defined variously as billionaires, bankers, college grads, latte drinkers, or Fyre Fest attendees), Noah Smith warns that crusades against vaguely-drawn enemies tend to become wars of all against all.Why I Lost My Bet With Warren BuffettBack in 2008, Ted Seides bet Buffett that five funds of hedge funds would outperform an S&P 500 index fund within 10 years. The decade isn’t over, but the bet is: Seides conceded. You may have seen Buffett’s take in his annual letter to Berkshire shareholders, but Seides has a few more lessons (six, to be exact) for investors hoping to learn from his experience.Trade Is a Scapegoat for Political FailureU.S. workers are hurting, true, but free trade isn’t the devil that populists make it out to be. Francis Wilkinson argues that automation, de-unionization, and (especially) regressive economic policies bear at least as much blame for the plight of American labor as trade with China or Mexico does.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsFollowing your passion is a numbers game (Of Dollars And Data)The difference between a prediction and a probability (Pension Partners)When experts are wrong, it’s often because they’re experts on an earlier version of the world. (A Wealth of Common Sense)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyWhy Diamondback Energy should rattle OPECNow anyone can be a quadruple-leveraged day traderFor enhanced returns, pension funds need to give to get(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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